United Kingdom GDP Annual Growth Rate 1956-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in the United Kingdom expanded 2.60 percent in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2015, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -5.80 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

  
United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.90 9.80 -5.80 1956 - 2015 percent Quarterly
From 1993 to 2007 the United Kingdom has reported an average annual rate of growth of 3.3 percent. Yet, since the recession in 2008 and 2009 the growth has been sluggish and in the last three years averaged meager 0.9 percent. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - United Kingdom GDP Annual Growth Rate - was last refreshed on Tuesday, August 4, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-28 09:30 AM Q1 2.4% 3.0% 2.5% 2.4%
2015-06-30 09:30 AM Q1 2.9% 3.4% (R) 2.5% 2.4%
2015-07-28 09:30 AM Q2 2.6% 2.9% 2.6% 2.5%
2015-08-28 09:30 AM Q2 2.9% 2.6% 2.6%
2015-09-30 09:30 AM Q2 2.9%
2015-10-27 09:30 AM Q3 2.62%


UK GDP Growth at 1-1/2-Year Low


The British economy expanded 2.6 percent year-on-year in the second quarter of 2015, in line with market expectations but slowing from a 2.9 percent rise in the previous period. Yet, it is the lowest expansion since the last three months of 2013, due to a slowdown in services and manufacturing, preliminary estimates showed.

The services sector expanded 2.7 percent, slowing from a 3.1 percent increase in the first quarter. Distribution, hotels and restaurants recorded the highest increase (4.5 percent), followed by transportation, storage and communication (3.7 percent) and business services and finance (3.1 percent).

Industrial production rose 1.8 percent, the highest increase in a year. Mining and quarrying rebounded and grew for the first time since the second quarter of 2014 (up 6.9 percent) while manufacturing grew 0.5 percent only compared to a 1.4 percent rise in Q1. In contrast, electricity, gas, steam and air fell 0.3 percent, following a 4.1 percent increase in Q1. 

Agriculture production shrank 0.4 percent, after rising 2.5 percent in the first three months of 2015.

On a quarterly basis, the economy expanded 0.7 percent, accelerating from a 0.4 percent gain in the first three months of 2015.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
7/28/2015 10:25:55 AM


Recent Releases

UK GDP Advances 2.9% YoY in Q1
The British economy expanded 2.9 percent year-on-year in the first three months of 2015, better than a previous estimate of 2.4 percent.
Published on 2015-06-30

UK GDP Growth Confirmed at 2-Year Low
The British economy expanded 2.4 percent year-on-year in the first three months of 2015, the lowest growth rate since the last quarter of 2013, second estimates released by the Office for National Statistics showed.
Published on 2015-05-28

UK GDP Growth at 2-Year Low
The British economy grew 2.4 percent year-on-year in the first three months of 2015, the lowest in five quarters, dragged down by a fall in mining and construction and a slowdown in services and manufacturing.
Published on 2015-04-28

UK Economy Expands 2.8% in 2014
The British GDP advanced 3 percent year-on-year in the last quarter of 2014, up from a 2.7 percent preliminary estimate as net trade contributed positively to the growth and the services sector continued to power the economy.
Published on 2015-03-31


United Kingdom GDP Last Previous Highest Lowest Unit
GDP 2941.89 2678.17 2963.10 72.33 USD Billion [+]
GDP Growth Rate 0.70 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.60 2.90 9.80 -5.80 percent [+]
GDP Constant Prices 436026.00 432995.00 436026.00 102017.00 GBP Million [+]
Gross National Product 444819.00 440734.00 444819.00 4726.00 GBP Million [+]
GDP per capita 40967.70 40199.32 41567.28 13478.88 USD [+]
Gross Fixed Capital Formation 76099.00 74628.00 76099.00 13015.00 GBP Million [+]
GDP per capita PPP 37613.54 36908.06 38164.02 26016.61 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.30 Jun/15 2.40 13.40 -4.10 percent [+]